TPYP vs. ENFR
Compare and contrast key facts about Tortoise North American Pipeline Fund (TPYP) and Alerian Energy Infrastructure ETF (ENFR).
TPYP and ENFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TPYP is a passively managed fund by Tortoise that tracks the performance of the Tortoise North American Pipeline Index. It was launched on Jun 30, 2015. ENFR is a passively managed fund by SS&C that tracks the performance of the Alerian Midstream Energy Select Index. It was launched on Nov 1, 2013. Both TPYP and ENFR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TPYP or ENFR.
Key characteristics
| TPYP | ENFR | |
|---|---|---|
| YTD Return | 38.06% | 39.38% |
| 1Y Return | 42.83% | 44.25% |
| 3Y Return (Ann) | 20.02% | 21.61% |
| 5Y Return (Ann) | 14.80% | 16.45% |
| Sharpe Ratio | 3.67 | 3.59 |
| Sortino Ratio | 5.13 | 4.90 |
| Omega Ratio | 1.64 | 1.63 |
| Calmar Ratio | 8.86 | 8.48 |
| Martin Ratio | 30.62 | 29.81 |
| Ulcer Index | 1.49% | 1.55% |
| Daily Std Dev | 12.42% | 12.87% |
| Max Drawdown | -51.91% | -68.28% |
| Current Drawdown | -1.00% | -2.37% |
Correlation
The correlation between TPYP and ENFR is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TPYP vs. ENFR - Performance Comparison
The year-to-date returns for both investments are quite close, with TPYP having a 38.06% return and ENFR slightly higher at 39.38%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TPYP vs. ENFR - Expense Ratio Comparison
TPYP has a 0.40% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Risk-Adjusted Performance
TPYP vs. ENFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise North American Pipeline Fund (TPYP) and Alerian Energy Infrastructure ETF (ENFR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
TPYP vs. ENFR - Dividend Comparison
TPYP's dividend yield for the trailing twelve months is around 3.74%, more than ENFR's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TPYP Tortoise North American Pipeline Fund | 3.74% | 4.83% | 4.48% | 4.86% | 6.15% | 4.45% | 4.58% | 3.71% | 3.18% | 1.48% | 0.00% | 0.00% |
ENFR Alerian Energy Infrastructure ETF | 3.32% | 5.48% | 5.22% | 7.86% | 7.58% | 5.82% | 3.98% | 2.98% | 3.31% | 3.34% | 2.15% | 0.26% |
Drawdowns
TPYP vs. ENFR - Drawdown Comparison
The maximum TPYP drawdown since its inception was -51.91%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for TPYP and ENFR. For additional features, visit the drawdowns tool.
Volatility
TPYP vs. ENFR - Volatility Comparison
The current volatility for Tortoise North American Pipeline Fund (TPYP) is 3.96%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 4.36%. This indicates that TPYP experiences smaller price fluctuations and is considered to be less risky than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.